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Credit-default swaps on Morgan Stanley (MS), Goldman (GS), Wachovia (WB) and Citigroup (C) trade...

Credit-default swaps on Morgan Stanley (MS), Goldman (GS), Wachovia (WB) and Citigroup (C) trade at record highs. Contracts on AIG (AIG) and WaMu (WM) rise further into distressed levels on ratings downgrades concerns.
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